Zimbabwe on a US$12 Billion Mining Target

Mines and Mining Development minister Winston Chitando announced that Zimbabwe is on a course to attain the US$12 billion mining target by 2023.

“The achievement of the US$12 billion milestone and the achievement of the targets which will come beyond the US $12 billion milestone and will be based on the efficient utilisation of resources and organization of Chamber of Mines of Zimbabwe and ZMF.” Minister Chitando said.

The mining sector is one of the vital centrepieces to drive the country towards an upper-middle-income economy.

Under the National development agenda, the Second Republic led by President Mnangagwa targets to transfer the country into an upper-middle-income economy by 2030, with a Gross Domestic Product per capita of US$3 500.

ZMF has consistently accounted for about 60% of Zimbabwe’s total gold buyers, Fidelity printers and refiners.

“There is a need for ZMF itself to have an efficient organizational structure, it’s very important because without an efficient coordination of a sector which is not only contributing to the US$12 billion mining vision but beyond the US$12 billion mining economy,” he said.

Meanwhile, Earlier in her address, ZMF president Henreita Rushwaya said her organization had realised the importance of finding solutions to some of the challenges being faced by their members.

“In order to complement government efforts of ensuring that our people are empowered as ZMF we decide to be innovative and source cars for our members.” Henrietta Rushwaya said.